Chase Investment Counsel Corp Invests $12.98 Million in Celestica, Inc. $CLS

Key Points

• Chase Investment Counsel initiated a $12.98 million position in Celestica during the second quarter, purchasing 35,574 shares. The stock now represents approximately 2.7% of the fund’s portfolio, while institutional investors collectively own 67.38% of Celestica.
• Celestica reported strong quarterly results, with revenue up 62.4% year over year to $4.68 billion and earnings of $2.54 per share, exceeding analyst estimates of $2.29. Analysts remain broadly bullish, giving the stock a “Moderate Buy” consensus and an average price target of $438.86.
• Insider selling and an AI-sector pullback are key risks: the CEO and CFO recently sold shares, while insiders have sold roughly $136.6 million of stock over the past 90 days. Celestica’s high-beta shares may also face near-term valuation and momentum pressure despite favorable AI infrastructure demand.

Chase Investment Counsel Corp bought a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 35,574 shares of the technology company's stock, valued at approximately $12,977,000. Celestica comprises approximately 2.7% of Chase Investment Counsel Corp's portfolio, making the stock its 11th largest position.

Other institutional investors also recently bought and sold shares of the company. NewGen Equity Long Short Fund purchased a new position in Celestica in the 2nd quarter worth approximately $14,050,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Celestica by 7,646.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company's stock valued at $157,000 after purchasing an additional 994 shares during the period. First Trust Advisors LP grew its holdings in shares of Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company's stock worth $12,197,000 after purchasing an additional 18,025 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Celestica by 385.8% in the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company's stock worth $438,000 after purchasing an additional 2,226 shares during the last quarter. Finally, HUB Investment Partners LLC increased its stake in shares of Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company's stock worth $497,000 after buying an additional 315 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Down 0.2%

Shares of NYSE CLS opened at $334.44 on Monday. The firm has a fifty day simple moving average of $348.14 and a two-hundred day simple moving average of $335.47. Celestica, Inc. has a 12 month low of $173.23 and a 12 month high of $474.02. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $38.45 billion, a PE ratio of 34.76 and a beta of 2.06.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The company's revenue for the quarter was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities analysts expect that Celestica, Inc. will post 9.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CLS shares. Citigroup upped their price target on shares of Celestica from $338.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Rothschild & Co Redburn initiated coverage on shares of Celestica in a research report on Friday, May 1st. They issued a "buy" rating and a $460.00 price objective on the stock. Wolfe Research upped their price objective on shares of Celestica from $425.00 to $475.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. TD increased their target price on shares of Celestica from $330.00 to $350.00 and gave the stock a "hold" rating in a report on Monday, April 20th. Finally, Susquehanna raised their target price on Celestica from $460.00 to $510.00 and gave the stock a "positive" rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Celestica presently has an average rating of "Moderate Buy" and an average price target of $438.86.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Bank of America identified Celestica among 16 AI-related stocks that may offer bargain opportunities following the sector’s pullback. The designation supports the view that recent weakness could attract value-oriented investors. Bank of America Sees Bargains in These 16 Knocked-Down AI Stocks
• Positive Sentiment: Wall Street’s average brokerage recommendation remains favorable, although the reports caution that sell-side ratings can be overly optimistic. Celestica’s prior quarterly results also showed strong momentum, with revenue rising 62.4% year over year and earnings exceeding consensus estimates. Is Celestica a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Analysts continue to view Celestica as an important beneficiary of AI-related demand across networking, computing and data-center infrastructure. A comparison with Arista Networks highlights the company’s potential growth opportunity as customers expand AI capacity. CLS vs. ANET: Which AI Stock Offers the Better Growth Opportunity?
• Neutral Sentiment: Scotiabank began coverage of Celestica, potentially increasing analyst visibility and institutional interest, though the available report does not specify the firm’s rating or price target. Scotiabank Begins Coverage on Celestica
• Positive Sentiment: Industry commentary says electronics-manufacturing providers are benefiting from rising technology investment, increasingly complex products and greater outsourcing by OEMs—favorable long-term conditions for Celestica’s core business. These 4 Electronics-Manufacturing Stocks Are Surging
• Negative Sentiment: CEO Robert Mionis sold 23,496 shares for approximately $8.5 million, reducing his direct ownership by about 50%. Although the transaction was disclosed through an SEC filing and may be routine, the sizable insider sale can weigh on sentiment, particularly after the stock’s substantial run-up.
• Negative Sentiment: The broader AI trade is experiencing a pullback, creating near-term valuation and momentum pressure for high-beta names such as Celestica. Investors may therefore be taking profits despite the company’s favorable growth outlook.

Insider Activity at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Mionis sold 23,496 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer directly owned 23,396 shares of the company's stock, valued at $8,478,476.44. This represents a 50.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 360,721 shares of company stock worth $136,627,680. Insiders own 1.10% of the company's stock.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company's service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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